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EU launches 11 mln USD education capacity development project in Cambodia

The European Union on Monday launched the second phase education capacity development project worth 11 million U.S. dollars in Cambodia, aiming at strengthening the skills of educators. ...

The Cambodia Herald​ News Staff
http://bit.ly/1L9DgCj

Rights groups fear ‘blacklist’ for anti-Vietnam protesters

Local rights workers say they fear ongoing protests by the Khmer Krom minority in front of the Vietnamese Embassy could be putting demonstrators at risk of a blacklisting. ...

Heng Reaksmey
http://www.voacambodia.com/content/rights-groups-fear-blacklist-for-anti-vietnam-protesters/2520349.html

VN President to visit Cambodia

President Truong Tan Sang will pay a State visit to Cambodia on December 23-24 at the invitation of Cambodian King Preah Bat Samdech Preah Boromneath Norodom Sihamoni. ...

Vietnam Net News Staff
http://english.vietnamnet.vn/fms/government/119157/vn-president-to-visit-cambodia.html

Arrested trio to get embassy assistance

The Cambodian government will provide legal representation to three citizens who were shot at and arrested by Thai soldiers last week while allegedly smuggling drugs across the border. ...

Taing Vida
http://www.phnompenhpost.com/arrested-trio-get-embassy-assistance

Koreans deny running internet phone scam

A group of 10 South Korean nationals accused of operating an Internet phone scam in Phnom Penh denied the charges during their trial Thursday at the municipal court. ...

Ouch Sony
https://www.cambodiadaily.com/news/koreans-deny-running-internet-phone-scam-87815/

Chinese Credit Cache

Prime Minister Hun Sen has returned home from his trip to China a wealthier leader having secured upwards of US$2.5 billion in Chinese investment and loans over the next year alone, officials from the Ministry of Foreign Affairs said yesterday. The package includes a $2 billion ...

http://www.phnompenhpost.com/index.php/2012090458485/National-news/pm-secures-us2-billion-steel-project-from-chinese.html

Cambodia to Miss 2013 Copyright Deadline

Cambodia will not meet the World Trade Organization’s (WTO) deadline to enforce copyright laws by 2013 and will likely ask for an extension, an official at the Ministry of Commerce said yesterday. The deadline was already extended once by the WTO in 2005 after it ...

Promotions few in financial sector

In late 2009, two months after graduating with a degree in economics, Heng Piseth found a job as a credit officer with a microfinance institution in Kampong Thom province. The story reflects a larger trend confronting young Cambodians entering the financial sector’s job market. While ...

http://www.phnompenhpost.com/business/promotions-few-financial-sector

PM Defends Interest Rates

Prime Minister Hun Sen yesterday lashed out at the opposition party’s concerns over the interest rates charged by commercial banks to farmers. SRP lawmaker Yim Sovann said commercial banks in Cambodia charge customers very high interest rates, and said it is much higher than in other ...

http://www.phnompenhpost.com/2013051665645/Business/pm-defends-interest-rates.html

Collapses raise concerns over emergency training

When a bridge and kiosk collapsed into a pond at a Phnom Penh garment factory last month, injuring more than 20 workers, the Prime Minister’s Bodyguard Unit and police rushed to scour the murky water for survivors. Some hours later, those forces remained unsure whether any ...

http://www.phnompenhpost.com/2013061466282/National/collapses-raise-concerns-over-emergency-training.html

Former Manager Admits Stealing $2.3M From Canadia Bank

The former manager of Canadia Bank’s credit section has admitted to stealing $2.3 million from the bank’s accounts, the suspect’s lawyer said Tuesday, in what is one of the largest embezzlement schemes ever undertaken in Cambodia’s nascent banking industry. The testimony from Yeth So­pheaktra, 30, to ...

Eang Mengleng and Colin Meyn
http://www.cambodiadaily.com/news/former-manager-admits-stealing-2-3m-from-canadia-bank-44689/

City Hall Denies Teachers’ Day, International Habitat Day Rallies

Phnom Penh City Hall has turned down two requests by non-governmental groups to hold rallies and marches to mark both International Teachers’ Day and the international day for housing rights. Housing Rights Task Force (HRTF), a local NGO, was denied permission to organize a rally at ...

Kuch Naren
http://www.cambodiadaily.com/news/city-hall-denies-teachers-day-international-habitat-day-rallies-44785/

Withdrawals top hundreds of millions

More than $600 million flooded out of Cambodia’s entire banking system during the third quarter of this year, as fears of post-election chaos set off panic and mass withdrawals, new figures from the National Bank of Cambodia (NBC) reveal. The figures, obtained yesterday, were the first ...

Daniel de Carteret
http://www.phnompenhpost.com/business/withdrawals-top-hundreds-millions

Standard & Poor's says outlook stable as Cambodia ratings affirmed

Standard & Poor’s affirmed Thursday its ‘B’ long and short-term sovereign credit ratings for Cambodia, adding that the outlook for the long-term rating remained stable. at the same time, the US rating agency affirmed its ‘axBB-‘ long-term and ‘axB’ short-term ASEAN regional-scale ratings on the country. ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZjFhZTkwM2YxZjJ

Picking up the pieces

The sight of traffic moving easily and people milling about along Veng Sreng Boulevard in the capital’s Meanchey district yesterday was a far cry from two days earlier, when the street was occupied by makeshift roadblocks, bonfires and military personnel carrying automatic rifles. While visible evidence ...

May Titthara, Khouth Sophak Chakrya and Sean Teehan
http://www.phnompenhpost.com/national/picking-pieces

2014 Draft Budget Reaches Assembly, Still Under Wraps

The National Assembly’s 12-member permanent committee will take its first look at the country’s $3.54 billion draft budget for 2014 on Monday, though officials are still refusing to offer a breakdown of how the money will be spent. The draft, which allocates more than $400 million ...

Hul Reaksmey
http://www.cambodiadaily.com/news/2014-draft-budget-reaches-assembly-still-under-wraps-46514/

Banks Urged to Divest From Ratanakkiri-Based Rubber Firm

Environmental campaign group Global Witness on Thursday called on the International Finance Corporation (IFC) and Deutsche Bank to divest immediately from a Vietnamese firm whose rubber plantations in Cambodia are accused of rampant illegal logging and forced evictions of indigenous communities. The call came exactly six ...

Zsombor Peter
http://www.cambodiadaily.com/news/banks-urged-to-divest-from-ratanakkiri-based-rubber-firm-47045/

Micro-insurance access urged

Cambodia’s finance sector should increase insurance accessibility to its smallest lenders to help protect against indebtedness at times of disaster, an industry expert said at a conference in Phnom Penh yesterday. Speaking at the Hotel Cambodiana to an audience of industry representatives on rural entrepreneurship, Jaime ...

Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/micro-insurance-access-urged

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